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20120929
20121007
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exception right now, though, as we welcome president obama and governor romney. [cheees and applause] >> dimon, welcome to you both. -- gentlemen, welcome to you both. let's begin with jobs. what are the major differences between the two of you about how you would go about creating jobs? each of you have two minutes to start big the coisn tos has determined that the president will go first. >> thank you very much, jim, for this opportunity. i want to thank you for your hospitality. there are a lot of. i want to make tonight, but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. i just want to wish you a happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. the auto industry was on the brink of collapse. the financial system -- because of its resilience and the determination of the american people, we have begun to fight our way back. the auto industry has come ro
romney kept saying that the president wants it take $716 million out of medicare right away. and the president didn't really refute that. let's take a look at these comments. >> but on medicare, for current retirees, he's cutting $716 billion from the program. now, he says by not overpaying hospitals and providers, actually just going to them and say we're going to reduce the rates you get paid across the board, everybody is going to get a lower rate, that's not just going after places where there's abuse, that's saying we're cutting the race. >> $716 billion we were able to save from the medicare program by no longer overpaying insurance companies, by making sure that we weren't overpaying providers. >> i think i said $716 million. obviously it's billion. what's the truth here, do we know? >> yeah, there's a core effect here that's not in dispute which is that obamacare takes $716 billion out of the medicare system over 10 years. the president -- president obama is arguing that that came out of overpayments to insurance and other things that won't affect the care of patient
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